On Holding Q2 EPS beats but revenue misses, shares fall 14%
On Holding reported Q2 earnings with EPS of $0.43 beating the $0.42 estimate, but revenue of $1.05B missed the $1.09B estimate. The company trimmed its full-year revenue outlook and shares fell 14%. Management said it is protecting full-price integrity rather than chasing sales with discounts.
Detected & updated continuously · Source: Nebula
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@schaeffers
ON HOLDING $ONON EARNINGS ARE OUT! 🟢 EPS: $0.43 | Est. $0.42 🔴 REV: $1.05B | Est. $1.09B IMPLIED MOVE TODAY: ±9.22%!! https://t.co/hJv08Oveb2
@schaeffers
Interesting strategy from $ONON as shares fall 14%: Rather than chase sales with discounts, it's protecting "full-price integrity in a promotional marketplace." That may protect the premium brand + margins... but Wall Street isn't loving the near-term growth tradeoff.
@knowledge_vital
$ONON On reports a (rare) sales miss and trims the full-year revenue outlook - a sign of Nike running momentum? - Vital Knowledge